Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Focus only on the semi-fixed expenses contained in this table. Do any amounts appear to be odd? (Think about whether the figures are right or

Focus only on the semi-fixed expenses contained in this table. Do any amounts appear to be odd? (Think about whether the figures are right or wrong. What is it about the individual numbers that is not right?) image text in transcribed
Table 2 SELECTED HISTORICAL INCOME STATEMENT AND RELATED MEASURES 1984 1985 1986 1987 1988 Net Variable Revenues 2,885,969 3,828,255 4,086,667 3,940,799 4,298,748 Semi-Fixed (S-F) Expenses: Salaries Vacation Advertising &Training Supplies/Tools/Laundry Freight Vehicle Demonstrators 18,268 371,314 81,252 4,663 19,483 707 156,129 305,044 1,172,933 1,665,769 1,892,499 1,870,782 2,161,220 600 210,226 31,473 5,719 22,913 10,465 278,531 13,006 968,789 1,211,464 1,289,758 1,360,489 19,468 281,219 75,468 6,528 23,664 1,513 276,201 26,705 288,347 46,141 5,987 23,718 4,969 301,113 19,059 309,608 65,935 5,731 20,370 4,192 loor-Planning Total S-F Expenses Fixed Expenses: 1,449,208 2,050,172 2,290,867 2,164,362 2,653,620 -516,092 1,897 Total Fixed Expenses Operating Profit/(Loss)** 263,828 112,314 96,699 94,345 New Retail Vehicles Sold 1,798 1,977 1,674 1,450 Notes Revenues less variable costs equal Net Variable Revenues (or Contribution Margin, in aggregate) Net Variable Revenue less Total S-F Expenses less Total Fixed Expenses equals Operating Profit/(Loss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wiley CPAexcel Exam Review April Study Guide Regulation 2017

Authors: Wiley

2nd Edition

1119369436, 978-1119369431

More Books

Students also viewed these Accounting questions